News You Can Use

Please see the letter from Chief Financial Officer Jeff Atwater to Florida Insurance Commissioner Kevin McCarty regarding the reinsurance market and the CFO's concerns about the cost of property insurance for Floridians.Click here to read the letter >>

Final Adopted Rule Version - Criminal Proceedings

The Florida Department of Financial Services, Division of Agent & Agency Services, hereby provides notice that the final version of Rule 69B-231.150, Florida Administrative Code, relating to administrative actions against licensees based on criminal proceedings, has been adopted.The final rule version became effective on November 6, 2013.Click here to read the full text of the Notice >>

The Florida Department of Financial Services, Division of Agent & Agency Services, hereby provides notice that the final version of Rule 69B-221.051, Florida Administrative Code, relating to temporary bail bond agent monthly-filed employment reports, has been adopted. The final rule version became effective on November 6, 2013.Click here to read the full text of the Notice >>

Rule Hearing - Title Insurance Statistical Gathering

The Department of Financial Services wants to remind every title insurance agent and agency of the newly clarified requirements of Section 627.782, Florida Statutes that will affect you starting next year. The Office of Insurance Regulation (OIR) is in the process of adopting a revision to rule 69O-186.013, F.A.C., which governs the information to be collected in 2015 from each title insurance agency licensed to do business in Florida. The 2015 data call will be based on data generated in calendar year 2014 and, to the extent available, during the prior four years. The notice of rulemaking for this process can be found at https://www.flrules.org/gateway/View_Notice.asp?id=13672264.

A workshop was held in Tallahassee on March 14, 2013 on this rule. The notice provided everyone the opportunity of requesting a hearing to provide comments, suggestions, or concerns regarding the requirements of the rule. Such a hearing was requested and held on November 6, 2013. For further information OIR's Title Insurance Coordinator may be contacted at Peter.Rice@floir.com.

Notice to Agents of Suspension of AGIC, Inc.

AGIC, Inc. was suspended from the writing of new insurance policies as of May 24, 2013. AGIC currently can write renewal business, but cannot write any new business. Agents of AGIC, Inc. and their agency should cease and desist from writing any new coverages through AGIC.Click here to read the full text of the Notice >>

Florida Chief Financial Officer Jeff Atwater announced the arrests of five individuals involved in an accident clinic sweep in Fort Myers and Port Charlotte, Florida. The arrests included clinic owners, massage therapists and chiropractors charged with patient brokering and solicitation in support of a large scale personal injury protection (PIP) fraud ring. Click here to read the press release >>

CFO Atwater Announces Conviction of Clinic Owner

Florida Chief Financial Officer Jeff Atwater announced the conviction of David Rodriguez Lopez, 46, a Tampa clinic owner, for orchestrating a large scale personal injury protection (PIP) fraud scheme in Tampa and Jacksonville. Lopez, who will be sentenced in November, faces up to 75 years in prison. Click here to read the press release >>

Florida Chief Financial Officer Jeff Atwater announced the conviction of Ronald J. Perrault, 42, on grand theft and organized scheme to defraud charges associated with a $1 million dollar financial fraud scheme involving an 82-year-old Bradenton woman. Perrault is scheduled for sentencing on December 4, 2013, and faces up to 35 years in prison. Click here to read the press release >>

Make Sure You Don't Miss Important Information From Us

We highly recommend licensees to routinely check their MyProfile account(s) for messages from the Department. We send an email notification at the same time to remind you to check your MyProfile account but on rare occasions you may not receive that email. For that reason, we suggest you add our domain MyFloridaCFO.com to
your email software's Trusted or Safe Senders List to ensure you are able to
receive email notifications from us. Licensees who have a valid email address on
file with the Department, as required by law, are sent important email
notifications when something that affects their application, license, continuing
education, or appointment(s) occurs. Additionally, we will keep you informed
with warnings regarding new schemes and scams being marketed to licensees. You
can update your contact information through your MyProfile account. We want to keep you informed in a timely manner of pertinent
information. You are still required to abide by the Florida
Insurance Code regardless of whether you read the information we provide or
attempt to provide.